- Guides Q4 Rev $190-210M v $263Me
- Company states "In addition to existing customer-specific challenges, we have recently begun to experience order delays from many of our Tier One service provider customers, which we attribute to their guarded approach to capital expenditures given the uncertain macroeconomic environment, While we've seen no project or order cancellations, sales cycles are lengthening and some deployments are slowing."
- Q3 GM's 52.0%

Other headlines for [CIEN]

• CIEN 11/10/2008 08:52am
  CIENA Corp. Pacific Crest Resumed CIEN with Sector Perform
  
• CIEN 11/3/2008 06:23am
  CIENA Corp. Merrill Lynch Cuts CIEN to Sell from Neutral
  
• CIEN 10/20/2008 12:13pm
  CIENA Corp. Hearing renewed takeover chatter
  
• CIEN 10/8/2008 07:17am
  CIENA Corp. Price Target lowered to $9 from $13.25 at Jefferies, maintains hold rating
  
• CIEN 10/7/2008 08:32pm
  CIENA Corp. Price Target lowered to $10 from $14 at Merrill, maintains neutral rating
  

Telecom sector headlines

• TEF Today 03:39am
  Telefonica S.A. (ADR) CFO: Had discussions with German broadband operators - conf call- Says discussions did not go too far - Was looking to acquire a broadband operator
  
• CPW.UK Today 02:55am
  Carphone Warehouse Societe Generale Cuts CPW.UK to Sell from Buy
  
• GLW Yesterday 10:18pm
  Corning Inc. May reduce its headcount in Taiwan and Japan - Commercial Times- Follow Up: The company said it will halt its Taiwan LCD expansion plans and production. Also, the company said it plans to fire 200 more...
  
• CHA Yesterday 09:55pm
  China Telecom Corp. Ltd. Oct fixed line users down 1.09M v 630K decline in Sept; Oct broadband users +700K v +730K m/m- No further details at this time
  
• CHL Yesterday 08:13pm
  China Mobile (Hong Kong) Ltd. Added 7.194M subscribers in October v 7.25M m/m- It had 443.3M subscribers at end-October.